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Robinhood has received approval from the Dubai International Financial Centre (DIFC) to establish its operations in the Middle East.
Vlad Tenev, co-founder and CEO of Robinhood, said many people globally seek to invest, build wealth, and own a part of the global economy, and noted that the company is only beginning to expand into some of these regions.
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Tenev previously highlighted Robinhood’s expansion efforts by announcing a 3 percent transfer offer on American assets from Webull. In March, he also marked the first 100 days of developer activity on Robinhood Chain. These moves come as the company broadens its footprint beyond the United States.